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ECON TEST 4 Question and answers rated A+
ECON TEST 4 Question and answers rated A+ The federal budget is balanced when - correct answer government spending equals tex revenue The government debt increases when - correct answer The government runs a budget deficit which of the following statements is true? - correct answer fiscal policy involves changes in the government spending and taxes Compared to an increase in taxes an equal sized increase in government spending will have what effect on real GDP? - correct answe...
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ECON TEST 4 Question and answers rated A+ The federal budget is balanced when - correct answer government spending equals tex revenue The government debt increases when - correct answer The government runs a budget deficit which of the following statements is true? - correct answer fiscal policy involves changes in the government spending and taxes Compared to an increase in taxes an equal sized increase in government spending will have what effect on real GDP? - correct answe...
econ chapter 2 test Question and answers 100% correct
econ chapter 2 test Question and answers 100% correct three of the major concerns of macroeconomics are - correct answer 1. inflation 2. output growth 3. unemployment the circular flow is used to make the point that - correct answer production generates income GDP is the - correct answer total market value of all final goods and services produced within a given period of factors of production located within a country an example of a final good is - correct answer beer a...
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econ chapter 2 test Question and answers 100% correct three of the major concerns of macroeconomics are - correct answer 1. inflation 2. output growth 3. unemployment the circular flow is used to make the point that - correct answer production generates income GDP is the - correct answer total market value of all final goods and services produced within a given period of factors of production located within a country an example of a final good is - correct answer beer a...
ECON 4740 U&R Kung Final Question and answers rated A+
ECON 4740 U&R Kung Final Question and answers rated A+ Patents (exclusive rights for 17 years) granted per capita in large US cities are many times of the national average (4.1 times in 1860)" is an evidence of - correct answer Innovation and knowledge creation The wage of a worker who moves into a city increases slowly; the wage of a worker who moves out from a city decreases slowly" is an evidence of - correct answer Learning and accumulation of human capital Big cities have...
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ECON 4740 U&R Kung Final Question and answers rated A+ Patents (exclusive rights for 17 years) granted per capita in large US cities are many times of the national average (4.1 times in 1860)" is an evidence of - correct answer Innovation and knowledge creation The wage of a worker who moves into a city increases slowly; the wage of a worker who moves out from a city decreases slowly" is an evidence of - correct answer Learning and accumulation of human capital Big cities have...
ECON 4740 Midterm 1 Questions with complete solution
ECON 4740 Midterm 1 Questions with complete solution A single factory town serves the rural area without competitors. How would the following affect the market area of this town, increase or decrease? i. The transportation costs of products decrease. - correct answer Size Increases A single factory town serves the rural area without competitors. How would the following affect the market area of this town, increase or decrease? ii. Stronger scale economies that reduces costs. - cor...
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ECON 4740 Midterm 1 Questions with complete solution A single factory town serves the rural area without competitors. How would the following affect the market area of this town, increase or decrease? i. The transportation costs of products decrease. - correct answer Size Increases A single factory town serves the rural area without competitors. How would the following affect the market area of this town, increase or decrease? ii. Stronger scale economies that reduces costs. - cor...
ECON 4740 Kung Test 2 Question and answers 100% correct
ECON 4740 Kung Test 2 Question and answers 100% correct The transportation cost is $100 per ton per mile. A factory is producing 10 tons of output per year and pays $5000 for rent for its half-acre plant at 3 miles away from the CBD, where the train station is. i. What is the rent per acre for land at 2 miles away from CD? _________ - correct answer $12,000 The transportation cost is $100 per ton per mile. A factory is producing 10 tons of output per year and pays $5000 for rent for ...
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ECON 4740 Kung Test 2 Question and answers 100% correct The transportation cost is $100 per ton per mile. A factory is producing 10 tons of output per year and pays $5000 for rent for its half-acre plant at 3 miles away from the CBD, where the train station is. i. What is the rent per acre for land at 2 miles away from CD? _________ - correct answer $12,000 The transportation cost is $100 per ton per mile. A factory is producing 10 tons of output per year and pays $5000 for rent for ...
ECON 4740 Kung Question and answers correctly solved
ECON 4740 Kung Question and answers correctly solved Which of the following evidences show that there are knowledge spillovers in cities? A.) Patents(exclusive rights for 17 years) granted per capita in large US cities are many times of the national average B.) The wage of a worker who moves into a city increases slowly; the wage of a worker who moves out from a city decreases slowly C.) Big cities have higher concentration of college graduates and especially young people D.) 10 larges...
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ECON 4740 Kung Question and answers correctly solved Which of the following evidences show that there are knowledge spillovers in cities? A.) Patents(exclusive rights for 17 years) granted per capita in large US cities are many times of the national average B.) The wage of a worker who moves into a city increases slowly; the wage of a worker who moves out from a city decreases slowly C.) Big cities have higher concentration of college graduates and especially young people D.) 10 larges...
Econ 4740 exam 3 Question and answers verified to pass
Econ 4740 exam 3 Question and answers verified to pass When firms are at a (A: start-up or B: mature) stage, they benefit more from urbanization economy than localization economies? - correct answer A Start-Up Evidences show that which characteristic of a location can induce more job growth? A. Higher concentration of one industry. B. More diverse industries. C. Both A and B. D. None of the above. - correct answer C Both A and B. When the wage in a city increases, the substitut...
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Econ 4740 exam 3 Question and answers verified to pass When firms are at a (A: start-up or B: mature) stage, they benefit more from urbanization economy than localization economies? - correct answer A Start-Up Evidences show that which characteristic of a location can induce more job growth? A. Higher concentration of one industry. B. More diverse industries. C. Both A and B. D. None of the above. - correct answer C Both A and B. When the wage in a city increases, the substitut...
econ 4740 exam 2 Question and answers already passed
econ 4740 exam 2 Question and answers already passed Generally speaking, an office firm, such as financial and law firms, has a (A: steeper B: flatter C: the same) bid-rent curve than factories? - correct answer A: steeper A city has a height restriction on buildings in the downtown area. Now a new policy to lift the restriction is in debate. Will the rent for downtown land (not rent for offices or houses) (A: increase B: decrease C: not change), when the city lifts the restriction. - c...
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econ 4740 exam 2 Question and answers already passed Generally speaking, an office firm, such as financial and law firms, has a (A: steeper B: flatter C: the same) bid-rent curve than factories? - correct answer A: steeper A city has a height restriction on buildings in the downtown area. Now a new policy to lift the restriction is in debate. Will the rent for downtown land (not rent for offices or houses) (A: increase B: decrease C: not change), when the city lifts the restriction. - c...
4740 Quiz and answers 100% correct
4740 Quiz and answers 100% correct In conducting an industry analysis, which of the following is NOT a question one would ask when collecting data? What does the industry look like? Is the industry growing? Where are the opportunities? How did the industry develop? How quickly does the industry adopt new technology? - correct answer How did the industry develop? The North American Industry Classification System (NAICS) is the classification system that the United States, Canada, ...
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4740 Quiz and answers 100% correct In conducting an industry analysis, which of the following is NOT a question one would ask when collecting data? What does the industry look like? Is the industry growing? Where are the opportunities? How did the industry develop? How quickly does the industry adopt new technology? - correct answer How did the industry develop? The North American Industry Classification System (NAICS) is the classification system that the United States, Canada, ...
4740 Practice Quiz 2 and answers already passed
4740 Practice Quiz 2 and answers already passed external environment - correct answer The industry in which an entrepreneur's new business will operate represents the business's True - correct answer A primary market is defined as those customers or markets that have the most need for what an entrepreneur is offering. Which of the following is a goal of market research for a new company? - correct answer Identify and profile the first customer. Estimate potential demand fr...
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4740 Practice Quiz 2 and answers already passed external environment - correct answer The industry in which an entrepreneur's new business will operate represents the business's True - correct answer A primary market is defined as those customers or markets that have the most need for what an entrepreneur is offering. Which of the following is a goal of market research for a new company? - correct answer Identify and profile the first customer. Estimate potential demand fr...
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